At what point is it legal for me to change the locks and start cleaning the place up so I can start to recoup my losses.

There are lots of solid non-luxury towns like Plymouth (though we have luxury oceanfront properties and more in Pine Hills too), Pembroke, Kingston, Halifax, Hanson, Carver, Plympton, etc.For some real low cost opportunities, take a look at Brockton, Taunton, Fall River and New Bedford. 

However, in my opinion that is much more of a business than a passive investment because there is a lot more day to day involvement (i.e. cleaning, advertising, changing rental rates based on day of the week/time of year).

If it is a month to month or is expiring soon I would just send a non renewal notice.

She did a great interview with Joe Fairless here.3.Strategic Partnerships and Branding can have a massive value premium over your direct investment.The Guys have multiple examples where they added value to other competing and non-competing brands and it ultimately came back around to them.

It's in fine condition (usable, just needs cleaned).

@Ryan Rochefort To answer your specific question, yes you can get a non-occupant co-borrower.

Eventually you will come up against diminishing returns (replacing two year old non-stained carpets, for example, probably isn't worth it), but these little >20% CoC ROI things add up.

Hi there,I just had a tenant move in this weekend and he wants to break his lease because he can hear the neighbor’s TV in his bedroom and because he felt the fridge wasn’t adequately clean when he moved in (it was fine).

Next time, it could be your "Non-recourse" loans!]...